The ambassador of United States of America in RK: Investors frighten off requirements for the taxation of subsoil users

the Ambassador of United States of America in Kazakhstan George Albert Krol declared that excessive requirements in the sphere of the taxation of subsoil users can reduce interest of investors to RK, reports Mezhdunarodnoye information company Kaztag .

"We know that now there are certain excessive, maybe, too difficult requirements in the field of the taxation in sector of mining industry that can reduce interest of investors in this area. In recent years, unfortunately, in Kazakhstan big prospecting works, despite huge potential were not carried out. Some mines were only open, since acceptance of independence Kazakhstan. I understand that it is connected directly with standard and legal base in Kazakhstan which was not rather attractive to investors both on investigation, and on production", – George Albert Krol at a forum told American chamber of commerce in Russia on economic policy.

According to him after Kazakhstan adopted the new Code "About subsurface use", directed on improvement of investment climate, a number of the American companies addressed in embassy, considering possibility of work in the republic. The ambassador considers that for full disclosure of potential of mining industry Kazakhstan has to accept important changes in the taxation sphere.

the research which has been recently published OECD (OECD. – of the Bus ) which mentions that questions of the taxation of mining industry at present in Kazakhstan still still differ from standards of the best international practice", – the diplomat summed up.

to to bring the legislation in the sphere of the taxation of the enterprises of MMC into accord with international in 2014.

In May, 2017 the executive director of AGMP Radostovets Nicholas lifted again a question that unreasonable financial load of the enterprises of mining and metallurgical complex has to be lowered. He called injustice that the enterprises of mining and metallurgical branch pay huge taxes, and the self-busy population perfectly somewhere earns, but taxes do not pay.

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